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Voter Approved School Debt Tax Levy, Payable 2019, $477 $491 <br />White Bear Lake Area Schools, No. 624 a a Home with an Est. Market Value of $250,000 <br />Analysis of Tax Impact for School Building Bond Issue Annual Cost <br />November 5, 2019 Election <br />$354 S363 <br />on <br />$770 $275 $287 <br />$195 <br />T►AX IMPACT $95 <br />$24 <br />$317 <br />$LJ/MUN T H............ .. . .... . <br />`L`y°Se QaaO Sn>>�a �a;l Q�taa re`o, q0t ar`a� Lsr`�� �fi�e� <br />�$tipS e1`a4xe� fps Lpy`kP 4 cs` n aSr <br />n <br />White Bear Lake Area Schools 1S❑ 624 <br />Proposed Bond Referendum <br />Estimated Impact on Property Taxes and of MN Homestead Credit Refund <br />Available each year to homeowners with incomes of less than $113,150. <br />EXAMPLE FOR RESIDENTS FROM: <br />City of White Bear Lake, White Bear Township, <br />City of Hugo. <br />City of Vadnais Heights <br />Househald Income` <br />Additional <br />Annual Net <br />Monthly Net <br />Refund <br />Tax Impact <br />Tax Impact <br />(est. tax impact of <br />$30,000 <br />$1541yr <br />$391yr <br />$3.251mo <br />bond issue $1931yr) <br />$50,000 <br />1251yr <br />6&yr <br />5.671mo <br />$75,000 1161yr 77iyr j 6.421m❑ <br />$100,000' 1161yr 771yr 6.421mo <br />EXAMPLIE FOR RESIDENTS FROM: <br />rLw — un.u. n..— , �— uu6Ho no— Tk;; raw ^F m,— rity ni v,,fn a is Heinhts <br />(est. tax impact of <br />bond issue $2501yr) <br />Household lneame' <br />Additional <br />Refund <br />Annual Net <br />Tax Impact <br />Monthly Net <br />Tax Impact <br />$30,000 <br />52241yr <br />$56lyr <br />$4.671mo <br />_...__ <br />8.171mo <br />$501000 <br />1821yr <br />9"r <br />$75,000 <br />1681yr <br />1121yr <br />9.331mo <br />$100,000 <br />1681yr <br />1121yr <br />9.33lmo <br />* Household income is your Federal Adjusted Gross Income, plus nontaxable income, <br />less your qualified retirement plan contribution, dependent, elderly or disabled subtraction. <br />" City of Hugo $631yr additional refund, net tax impact $I301yr <br />Source of Data: Ehlers. Inc. <br />Please consult a tax professional for more information an this refund program. <br />Additional information can be found on the IVIN Department of Revenue's website at <br />https:llwww.revenue.state.mn.uslhomeowners-homestead-credit-refund <br />